Bloomberg Oil investors are turning the car around. For a second week, money managers slashed bets on falling prices by a record and boosted wagers on a rally. Futures have climbed 23 percent in less than three weeks as some OPEC members raised the possibility of an output freeze amid signs the global glut is easing. “This is a ...

  Bloomberg VMware Inc. is set to unveil new products in a bid to eke out greater relevancy for the company in internet-based cloud-computing. On Monday, the company will announce Cloud Foundation, which combines software for storage, networking and virtualization into one package, as well as the ability to use that product as a service hosted in IBM’s cloud. The ...

  Relaxnews Smartphones and smartwatches should once again be the talk of the IFA tech show in Berlin, Germany, with new devices expected from Samsung, Huawei and Sony, just six months after the Mobile World Congress in Barcelona, Spain. Chinese manufacturers will be heading to IFA en masse, where Lenovo is lined up to announce pricing and availability for its ...

  Relaxnews Most teenagers these days already own smartphones, which are often viewed as essential not only for communicating with family and friends, but also for entertainment and work. However, smartphones vary considerably from model to model and young smartphone users do not all have the same needs. FOR TIGHT BUDGETS With the Sunny, Wiko offers an entry-level smartphone at ...

  AFP A US software firm which chose Singapore for the world’s first public trial of driverless taxis hopes to be operating in 10 Asian and US cities by 2020, an executive said Monday. Doug Parker, nuTonomy’s chief operating officer, said the firm is eyeing tests by early next year in three other Asian countries which he declined to name. ...

  AJMAN / WAM Yafea’ Al Faraj , Ajman Real Estate Regulatory Agency (ARRA) Executive Director, held a meeting with a Chinese delegation led by Feng Lu, Director General of the Gulf-Chinese Trading Corporation, to review real estate investment opportunities in Ajman. The delegation was briefed by Al Faraj about the real estate investment opportunities available in freehold areas, especially ...

  DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, toured various Dubai government departments on Sunday morning to inspect the quality of services they provide. The visits made mainly to service-oriented departments were aimed at assessing their readiness to provide high-quality and timely services to ...

  ABU DHABI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said that the OPEC’s current market share is at good level despite different views on the oil market. Tweeting on his official Twitter account on Saturday, he added, “We acknowledge and understand the market challenges but in my view our sector is resilient to overcome ...

  Dubai / EMIRATES BUSINESS The pivotal role of women entrepreneurship for economic growth and development is widely being recognized and encouraged by GCC governments as evidenced by the highest ever rates of entrepreneurial and business activity by regional women, revealed an Al Masah Capital Report on “GCC Women – Entrepreneurs in a New Economy”. SME’s led by women manage ...

  Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the UAE’s international development arms, hosted its annual Women and Innovation seminar to mark Emirati Women’s Day. Moderated by Fatima Al Balooshi, Head of Media and Communications at Abu Dhabi Fund for Development the seminar had key note contributions from Dr Omniyat Al-Hajri, Director of Public Health and ...